Balance of Payments in January - April 2004
12.07.2004
During the first four months of 2004, the balance of payments current account posted a deficit of EUR 650 million, rising 17.1 percent year on year.
- EUR mill. -
| |
1 January – 30 April 2003
|
1 January – 30 April 2004
|
| CREDIT
| DEBIT
| BALANCE
| CREDIT
| DEBIT
| BALANCE |
| CURRENT ACCOUNT (A+B+C)
|
6,407
|
6,962
|
-555
|
7,427
|
8,077
|
-650
|
|---|
| A. Goods and services
|
5,752
|
6,559
|
-807
|
6,649
|
7,714
|
-1,065
|
|---|
| a. Goods (exports fob - imports fob)
|
4,970
|
5,775
|
-805
|
5,816
|
6,883
|
-1,067
|
|---|
| b. Services |
782
|
784
|
-2
|
833
|
831
|
2
|
|---|
| - transport |
328
|
289
|
39
|
383
|
347
|
36
|
|---|
| - tourism-travel |
100
|
112
|
-12
|
123
|
137
|
-14
|
|---|
| - other |
354
|
383
|
-29
|
327
|
347
-20
|
-20
|
|---|
| B. Incomes |
114
|
299
|
-185
|
95
|
246
|
-151
|
|---|
| C. Current transfers |
541
|
104
|
437
|
683
|
117
|
425
|
|---|
At end-
April 2004
,
medium- and long-term external debt added up to EUR
15,910
million, up
3.3
percent compared to end-2003.
Public and publicly guaranteed external debt amounted to EUR
9,958
million at end-
April
2004, accounting for 62.6 percent of medium- and long-term debt against
62.8
percent at end-2003. Private external debt crept up
3.9
percent from end-2003 to EUR
5,952 million.
Romania's medium- and long-term external debt at end-
April
2004 (by debtor)
and debt service during the January to
April
2004 period
- EUR mill. -
| Type of debt |
Balance at 31.12.2003
|
Balance at 31.04.2004*
| Debt service
1.01-31.04.2004*
|
|---|
| I. PUBLIC DEBT |
6,470
|
6,618
|
141
|
|---|
| II. PUBLICLY GUARANTEED DEBT |
3,197
|
3,340
|
425
|
|---|
| III. PRIVATE DEBT |
5,729
|
5,952
|
436
|
|---|
| TOTAL EXTERNAL DEBT |
15,396
|
15,910
|
1,002
|
|---|
* provisional data
At end-March external debt service ratio
stood at
18.4
percent against
20.6
percent at end-2003.
At end-April 2004,
import cover
was 4.2 months from 4.1 months at end-2003.
Notes:
- External debt balance is subject to monthly revision.
- External debt service ratio is computed as a ratio between medium- and long-term external debt service and exports of goods and services.
- Import cover is computed as a ratio between official reserves of the NBR (foreign exchange + gold) at the end of period and average imports of goods and services for the period under review.